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The Rise of ICO

Paul Polterauer, CEO Herosphere © Herosphere

There is hardly any technology which so quickly embedded itself in the public’s perception over the last few years as blockchain.

In particular, cryptocurrencies such as bitcoin or ether based on the blockchain technology have dominated public discussions. Initial Coin Offerings (ICOs), or corporate financing with cryptocurrencies, are experiencing exponential growth.

At the summit entitled “The Rise of ICO“, the “Who-is-Who of the Cryptoeconomy” gathered together in Linz, Upper Austria October 2-3, 2017. Among the speakers were Brock Pierce, Managing Partner at Blockchain Capital, Richard Kastelein, Chairman of the Bitcoin Foundation as well as Jamie Burke, investor in blockchain startups. Visions for special corporate financing on a cryptocurrency basis were on the agenda of the “Rise of ICO” summit.

The startup Herosphere launched HEROcoin, the first ICO in accordance with Austrian law, together with the business angel network startup300. After seven days tokens of the HEROcoin cryptocurrency were already sold against the ether at a value of USD 1.15 million (or close to EUR 1 million). The HEROcoin is designed to serve users in the future to be able to make competitive bets for eSports on the Herosphere portal.

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